14 January 2014 | Akhilesh Magal
Media reports claim that Kerala’s ambitious rooftop plan to set up 10,000 off-grid solar power plants would be missing the deadline. However, based on our interaction with the officials, it seems that the program is likely to be completed well ahead of schedule as per the December 2014 deadline set by MNRE. As of now, around 6,000 plants have been commissioned and the rest are already in...
11 December 2023 | BRIDGE TO INDIA
At the start of this year, we had expressed a hope that 2023 would mark a turnaround for the renewable sector. Having being hit hard by supply chain disruption, cost spikes, BCD and ALMM over previous two years, the sector badly needed some relief and fresh impetus for growth. But the year was mixed at best with weak progress on capacity addition front and new initiatives…
23 January 2023 | BRIDGE TO INDIA
CERC, the central power sector regulator, has issued an order capping base penalty rate under Deviation Settlement Mechanism (DSM) at INR 12/ kWh for both power producers and consumers. Earlier, the base rate was set at maximum of weighted average price discovered on power exchanges and weighted average ancillary service charge. The change came in response to reports of around 20% increase in...
04 July 2022 | BRIDGE TO INDIA
The Ministry of Power has issued new Electricity Rules offering yet another debt package to DISCOMs to help clear delayed payments to power producers and transmission companies. The proposal is for DISCOMs to reschedule and clear all outstanding amounts in equal monthly instalments spread over 1-4 years depending on total quantum of...
09 June 2022 | Neha Makol
Open access and rooftop solar can potentially meet only about 40-50% of a corporate consumer’s power requirement due to a temporal mismatch between supply and demand. Consumers keen to increase share of renewables in their consumption mix to achieve decarbonisation goals must therefore find alternative sources. Unfortunately, some of the key options to address intermittency risk of renewable...
17 October 2021 | BRIDGE TO INDIA
India is reeling from a power crisis, which no one saw coming even as recently as two weeks ago. A mix of various factors including jump in demand following post-COVID economic recovery, depressed renewable power output, fall in domestic coal production...
07 December 2020 | BRIDGE TO INDIA
It has been a little over three months since renewable power trading commenced on Indian Energy Exchange. Trading has been active for solar and non-solar renewable power separately under two different contracts – intra-day, for delivery within 3.5 hours, and day-ahead, for delivery next day. Longer-term contracts – daily,...
29 August 2020 | BRIDGE TO INDIA
Indian Energy Exchange opened a new window for trading of renewable power this week. Solar and non-solar renewable power can be traded separately under four different contract types: intra-day, for delivery within 3.5 hours; day-ahead, for...
08 May 2020 | BRIDGE TO INDIA
India added total utility scale solar and wind capacity of 715 and 328 MW respectively in the quarter ending March. These are meagre returns; the combined total represents the weakest quarterly progress on capacity addition in the last two years. For the financial year 2019-20, total utility scale capacity addition was 7,408 MW, 34% below the high of two years ago. Progress over next two...
22 October 2019 | BRIDGE TO INDIA
Indian developers have been rushing out to issue green bonds as liquidity in the Indian financial markets continues to stay stretched. An aggregate amount of USD 2.9 billion has been raised by Greenko (USD 1.3 billion), Adani (USD 862 million), ReNew (375) and Azure (350) in the last seven months. The spurt in issuance comes after a lull 2018 when no bonds were issued. Prior to that, a total of...
